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Ferrari
October 12th, 2025 - 11:12 GMT
Sally Shakkour

Sally Shakkour

Worst day in history! Ferrari loses around $14 billion in 1 day

ALBAWABA - Ferrari lost nearly $14 billion in market value in a single day after revealing plans to produce its first fully electric car. The Italian luxury sports car manufacturer's stock fell 16 percent to $77 billion in one day, marking its worst trading performance ever. This sharp decline came after the Italian luxury car company announced its new five-year plan and details of the Ferrari Electrica electric model, sparking ...
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Over the past two years, Jordan has been importing liquefied natural gas (LNG) from Qatar, and from Royal Shell, Vitol, and others. (Shutterstock)

(Shutterstock)
May 30th, 2016 - 04:12 GMT

Israel-Jordan gas export agreement 'soon': Noble Energy

The Swissotel, Movenpick Hajar Tower and Mecca Clock Royal Tower Hotels in Mecca. (Booking.com)
May 29th, 2016 - 11:24 GMT

Mecca hotels to target 80 percent Saudization by end 2016

The Americana Group also includes Costa Coffee, Baskin Robbins and Krispy Kreme franchises. (Americana Group)
May 29th, 2016 - 10:00 GMT

Adeptio abandons plans for stake in Americana-Kuwait Food Co

Shop rents have dropped from SR3,000 to SR500 per month. (File photo)
May 29th, 2016 - 09:00 GMT

Saudization of telecoms leads to 83 percent drop in shop rents

The report outlines the dynamics that force children to work instead of attend school. (ILO/Tabitha Ross)
May 29th, 2016 - 07:00 GMT

Human rights report decries unregulated refugee child labor in Jordan

Ahead of an Iranian delegation to Saudi on Tuesday, Iran sent a letter listing its rightful demands and propositions aimed at ensuring safety for Iranian nationals during the Hajj.  (Wikimedia Commons)
May 29th, 2016 - 06:00 GMT

Saudi-Iran Hajj talks: Five contentious points still under discussion

The Hezbollah International Financing Prevention Act is a bill introduced in 2014 that sought to impose on institutions that facilitate transactions on behalf of Hezbollah or its agents. (File photo)
May 29th, 2016 - 05:00 GMT

Hezbollah in 'worst financial shape for decades': US

Lockheed Martin would be the principal contractor for the sale. (Wikipedia)
May 29th, 2016 - 04:00 GMT

US approves sale of Javelin missiles to Qatar

A foreign ministry spokesman said the Swiss government had blocked about $650 million in the case of Egypt, and $61 million in the case of Tunisia. (Twitter)
May 26th, 2016 - 12:26 GMT

New Swiss banking law to help repatriate $650M of looted assets to Egypt

Last year, Iraq secured $1.7 billion in loans from the World Bank and $833 million from the IMF. (YouTube)
May 26th, 2016 - 11:24 GMT

Islamic Development Bank green lights $3B loan to Iraq

The agreement was signed yesterday during a ceremony at Al Jazeera headquarters in the Qatari capital Doha.  (AFP/Tuck/Ullstein Bild)
May 26th, 2016 - 10:07 GMT

Al Jazeera, Anadolu Agency sign training cooperation agreement

Jordan used to receive around 10,000 barrels per day of crude oil from Iraq before Daesh militants controlled several parts in western Iraq, causing a complete halt to shipments. (Shutterstock)
May 26th, 2016 - 09:39 GMT

Iraqi-Jordanian oil pipeline construction to begin this year

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